California-based companies took in over $3 billion of VC during that period, over half of the total for the entire country. However, the life sciences and clean tech sectors both saw drops in the dollar value of VC and the volume of deals during the first quarter of this year.

As the Wall Street Journal reported on Friday: "Splunk set out to build a Google for machine data—essentially a search engine for all the data that servers, network switches and any device such as smartphones with a processor spits out when those devices are in use."